Re: Tardiff and 11 %

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Milsy1

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Re: Tardiff and 11 %

in response to

Tardiff and 11 %

Rosedale

posted on Jan 09, 2008 05:40PM

I too would be very suprised if Richard would do a PP at this point. $25MM cash with a burn rate of $2MM / month allows some time to move our SP north. Not to mention the warrants that have not been exercised yet.

On another note, I am hopeful that the additional drills are on schedule and Richard issues a drill plan update. (Maybe in conjunction with some of the current geophysics) This would breath some new speculative life into our "under pressure" SP.